MEDIUMOutside partyCustomer
Delek Holdings
“10-K Item 1A: 'Delek Holdings is a primary customer for a many of our assets'”
DKL · Concentration risk · 10-K extracted
Delek Logistics Partners (DKL) concentration risks
Updated
The most significant concentration Delek Logistics Partners discloses is Delek Holdings, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Delek Logistics Partners’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration centers on a single, moderate-share customer dependency. Delek Holdings is identified as a primary customer for many of the partnership's assets, a moderate concentration by disclosed size and dependency in character. This relationship is structurally significant because as a midstream partnership, the company's assets — pipelines, terminals, and storage facilities — generate revenue primarily through throughput and service agreements, and the concentration of volume on a related-party customer means that the partnership's cash flow profile is materially linked to Delek Holdings' refining utilization, crude throughput decisions, and financial condition. The dependency character reflects that Delek Holdings, as a primary customer across many assets, occupies a position where changes in its operating rate, financial health, or strategic direction could affect a meaningful portion of partnership revenues simultaneously. Unlike a diversified customer base where volume shortfalls at one customer are partially offset by others, a primary-customer concentration across multiple assets means that stress events at that counterparty have broad rather than isolated effects within the portfolio. There are no disclosed geographic, product, or additional counterparty concentrations in the filing beyond this customer relationship. The profile is narrow — a single dominant customer-side exposure — which makes the health of that relationship and the associated volume commitments the primary variable for distribution coverage and unit value. On balance, investors in the partnership are effectively underwriting Delek Holdings' refining volumes and the durability of the commercial agreements that govern flows across the partnership's asset base.
For the engine’s reasoning on DKL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Refining & Marketing
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| IEP | Icahn Enterprises L.P. - Deposi | 1 | 0 | 1 | 2 |
| CVI | CVR Energy Inc. | 0 | 4 | 1 | 5 |
| APC | ARKO Petroleum Corp. | 0 | 1 | 0 | 1 |
| DK | Delek US Holdings, Inc. | 0 | 1 | 0 | 1 |
| DKL● | Delek Logistics Partners, L.P. | 0 | 1 | 0 | 1 |
| DINO | HF Sinclair Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.